Oftentimes, such calculations will be done to support and in collaboration with lawyers in a complaint procedure. Sometimes, our services are requested by a judge to arrive at an independent estimate of damages.
We will provide a thorough and well-documented analysis. Our damage report, which will be available to all stakeholders, will include our general principles and assumptions and our reasoning in arriving at a specific outcome.
Economic losses may come in the form of financial loss, lost profits or lost revenue and may be the result of an unlawful deed or wrongful action, non-performance or personal injury.
The extent of such losses will be determined by the situation as it would have been if the incident or the circumstances that triggered the loss hadn't occurred, and then comparing this to the actual situation. The difference is the loss.
"Damage is in the eye of the beholder."